29/10/2026
Budget 2026: what does it mean for your business?
Here’s a recap of the key announcements that small business owners need to know!
- Trading allowance rises from £1,000 to £3,000
- New founders’ relief: 10% Capital Gains Tax rate on up to £10m of lifetime gains
- Young entrepreneurs allowance to help cover living costs when starting up
- British Business Bank doubles funding for female-led businesses to £200m
- Small Business Rates Relief threshold for retail, leisure and hospitality rises from £12,000 to £18,000 from April 2027
- Business Asset Disposal Relief (BADR) lifetime limit cut from £1m to £500,000
- Online marketplaces to be responsible for VAT on significant online sales
- National Living Wage rises to £13.21 an hour
- 5p fuel duty cut extended to July 2027
Unsure what these announcements mean for you?
We can help you understand which changes affect your business and plan your next steps.
Contact our team today to discuss what Budget 2026 means for you and your business.